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How to make money from your losing stock

Bizna Reporter
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How to make money from your losing stock

Did you know that if you buy a stock at a high price, then the share price dips and appears hesitant to recover, you can actually mitigate your loss and exit with a profit?

We sample the case of Home Afrika over the past 12 months to illustrate how.

On 15 July, 2013, Home Afrika listed at the NSE’s growth enterprise segment. Almost immediately, the price shot from Sh12 to Sh25. With 405 million shares, the firm received a Sh10.1 billion in valuation. This was a Sh5.3 billion jump in market valuation.

As the stock tried to establish equilibrium price, Home Afrika announced that it would be going for a REITS issue, sparking a sharp drop in price. Between 15 July and 1 October, 2013, the price fell to Sh6 from Sh25 before hitting Sh9.05. Between 14 October, 2013 and 2 January, 2014, the price fell to Sh5.40.

An investor who pumped Sh100,000 into the stock at Sh25 a piece was now staring at a loss of Sh78,400 while an investment of Sh500,000 was bringing in a loss of Sh392,000.

According to Mr Daniel Waweru, head of risk compliance at Dyer and Blair, investors who have lost money after buying stocks like Home Afrika on a high only for the price to nosedive can recover and make profit through a process known as averaging down.

It involves buying more shares of the same stock at a lower price than the average price of the stock held.

“However, this is for brave investors who don’t believe in losing money at the bourse,” he says.

For example, if you bought 100,000 Home Afrika shares at Sh10 per share, your investment is currently at Sh530,000 at a price of Sh5.30 per share. You have lost Sh470,000. To recover and make profit, you will need to buy more shares at the current price to bring down the average price of your stock. Assume you buy one million shares at Sh5.30, you will take your average price to Sh5.85.

“If the price then climbs to Sh6.50, you can then exit with a net profit of Sh867,850 from a loss of Sh470,000,” says Mr Waweru.

According Mr Muammar Ismaily, head of research at Genghis Capital, the Home Afrika stock has been going through a price discovery. “It was not wise for investors to enter the stock at Sh25 when it was yet to find its equilibrium price.

“An investor may opt to hold on to this stock and wait for the ongoing projects like Migaa and Lakeview to start bringing in money. This may bring back the stock price to Sh12. But the stock may not attain its highest price of Sh25 in the near future,” says Muammar.

 

6 Gifts That The Modern Gentleman Actually Wants This Year

Bizna Team
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6 Gifts That The Modern Gentleman Actually Wants This Year

December is almost here and you know what that means, the holiday season is upon us.

It’s hard to buy gifts for a gentleman. They have to be tasteful, useful, thoughtful, and aesthetically pleasing. A gentleman, after all, has standards.

Bizan(with the help of Business Insider) put together a list of creative items that might be the very thing a gentleman wants.

An assortment of curetted ties.

ties

Ties are essential elements of every polished gentleman’s look. But it may be hard to decide which ones to get.

A good business card case.

business card case

Get yourself a solid business card case. So when you’re exchanging business cards during the holiday party season, you can whip them out in style.

A high-quality shaving kit.

art-of-shaving-unscented

That comes with a Glycolic facial cleanser, shave cream, pre-shave oil, and after shave balm.

The perfect headphones for an athlete.

earphones

A modern gentleman needs to work out. And when he works out, he needs tunes.

Toiletries for the road.

gillet

When a gentleman is on the road, he needs convenient, portable toiletries – like these Gillette razor blades.

Stuff his stocking with a few stainless, double edged blades. They’re awesome and they’ll take up no room in his toiletry bag.

An on-trend watch with brown leather straps.

Brown Watch Strap

This watch will look great, even when it’s no longer “trendy” per se.

Do yourself a favour, and get one.

 

A Day in the Life of Your Most Productive Self

Bizna Team
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A Day in the Life of Your Most Productive Self

Close your eyes and imagine an incredibly productive day.

Maybe you’d get up early to go for a run or arrive to the office on time. Maybe you’d spend your day on important, high-priority to-dos, rather than drown in your inbox again.

Or, maybe you’re having a hard time even picturing what this kind of day might look like.

If that’s the case, take a quick break to check out this infographic, which walks you through an utterly productive 24 hours.

While most of us won’t be able to follow this plan exactly, you’ll definitely find some tips and tricks that you can implement into your schedule to help you become the most productive version of yourself.

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23-year-old builds business one step at a time

Bizna Reporter
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23-year-old builds business one step at a time

Nancy Amunga  started by selling used clothes at Gikomba market and now only getting her name featured in Forbes Magazine can quench her thirst.

With untamed determination and confidence to have a better tomorrow, 23-year-old Nancy does not fear failure. She says that in order to achieve anything in life, several setbacks are just a set up to a greater comeback.

Her mitumba business was failing terribly and to get back to her feet, she joined a network marketing business which involved selling herbal drugs; this also failed.

Despite failing for the second time, Amunga did what most successful people do- they never give up. She was able to pick herself up, dust herself off and carry on. She started bracing herself for another business challenge- Courier Services.

“I had heard a lot of companies complaining about inefficiencies with their courier delivery services such as delays of up to six hours and often time longer. I have also been a victim and I decided to be part of the solution,” she says. But that was just it, an idea.

Amunga did not have finances to set up the business and therefore sought out employment as she forged a way forward. She has worked with different television programmes. She hosted Comedy Club, was a production assistant of Bebabeba on NTV and is still a writer with Home Assured Magazine.

It was not until November last year, that her idea of coming up with the courier service organization was mooted. She met Manish Shah, the Executive Chairman of Kingsway Tyres at a business forum and grabbed that opportunity to pitch her idea.

“He asked for my business card but I didn’t have any, he told me the secret to business is “always to be prepared” and then he advised that when I am prepared I can go back and share my idea with him.

I did not sleep, I was fascinated by Shah’s trust in me and my business idea, I trusted in myself more, and here I am,” she says. Amunga is now the founder and director of DANA Communications, which among other services offers courier services.

With the little savings she had, she hit the ground running and now she has employed five people in their small office on Mfangano street, Nairobi. Once stable and with enough capital, she intends to expand the business to all parts of the country.

“DANA is here to salvage and assist companies, especially online stores in satisfying their clients by ensuring fast and efficient delivery services,” she says. Amunga says she is not one to complain all the time about situations that are especially beyond her control.

She urges young people who keep on complaining and waiting on the government to give them a job, “you cannot complain the rest of your life, wake up and do something, be the one to create employment opportunities,” says Amunga.

She draws her strength and determination to achieve and succeed in life from her mum who also used to sell groceries and second-hand clothes. “Since an apple does not fall far from the tree, I think that’s where I got the courage and zeal to be an entrepreneur,” Amunga says.

She wants to be on the cover of Forbes Magazine in less than 10 years. Forbes is the magazine for the world’s business leaders, and makes lists such as the 20 richest people in the world, “That is where I belong. I have a thing for swimming with the big sharks. I know it’s easier said than done but if others made it, whom am I not to?” she asks. Among her major clients are the National Organisation of Peer Educators (NOPE) and Lake Gas Group. And her company is worth half a million.

The business name generator thats better than most

Bizna Team
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The business name generator thats better than most

If you are like me-and I know we are quite a number- , coming up with the perfect name for your dream business or a product that’s about to be launched is a daunting task.

Let’s face it, names do matter.

What if Java was originally named “Njunguna’s coffee shop”, I highly doubt it would have the same luster attached to the brand name as it does today.

That’s where a random name generator comes in handy; And Google gives you loads of them.

But,Naminum is one that impressed me. The others tend to look pretty ugly and are rather basic in the options available. At the other end of the spectrum, there are some with more advanced options, but they’re still not that usable.

Naminum1

Naminum, however, just asks you to fill in a word or two (or leave it blank if you just want a huge list) to get started.

So, take ‘bubble’ for example. By default it suggests an option with the vowels replaced, one with the consonants replaced, the original backwards and a few other variations.

[Original:TNW]

Below this, it shows the original search term, plus additional letters added. To keep it neat and organized, it shows all the options with one, two, three, four, or more letters added in their own sections. Each suggestion also follows a pattern (except randomized one, obviously), like ending in ‘ie’, or ‘tium’.

Naminum

If you want to prepend something to your search term, there’s a separate tab of suggestions just for that, making it nice and easy to pick your way through rather than presenting everything in one huge list.

Otieno Kajwang’ and Mutula Kilonzo: tale of friends dying in mysterious circumstances?

Bizna Reporter
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Otieno Kajwang’ and Mutula Kilonzo: tale of friends dying in mysterious circumstances?

The sudden death of Otieno Kajwang’ on Tuesday night marked the second demise of a serving senator. Similarly, it was akin to the demise of his late colleague Mr. Mutula Kilonzo, who died under unclear circumstances in his home on April 27, 2013.

Strikingly, both Mutula Kilonzo and Otieno Kajwang were notable colleagues of the popular – now defunct – KISS 100 CrossFire show, during which the two were fiery debaters. The duo was highly regarded as the fulcrum that drove the show.

Mr. Kilonzo, a newly elected senator for Makueni County, was found dead at his Valhalla home, bordering Maanzoni lodge along Mombasa Road on the morning of April 27 in 2013. He was reported to have slept and failed to wake up.

 

Mutula Kilonzo

Late Makueni Senator, Mutula Kilonzo.

Nonetheless, investigations revealed that the Makueni senator had vomited food and blood. Later it was alleged that traces of sildenafil citrate and ephedrine hydrochloride were discovered in the Senator’s blood. The former is normally used to treat high blood pressure or prescribed as a Viagra The latter is a stimulant used to treat patients with asthma or a blocked nose.

On the other hand, Otieno Kajwang’ died suddenly at around 11.30pm at Mater Hospital in the South B area, with cardiac arrest highly suspected. He had been rushed to the hospital at around 9pm after complaining of chest pain.

Mutula and Kajwang’ are two of the three members of the initial cabinet sub-committee on ICC who have since died. The other is the late Professor George Saitoti who perished in a plane accident.

Kajwang’s post mortem is currently going on at the Lee Funeral Home to establish the exact cause of his sudden death. His father, David Ajwang’ who collapsed on hearing the death of his son is still undergoing treatment at the Agha Khan Hospital in Kisumu.

 

The Queen of Marketing; Joanne Mwangi (PMS)

Bizna Team
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The Queen of Marketing; Joanne Mwangi (PMS)

“I am not afraid of failing; failure provides the opportunity to begin again, more intelligently.”

Not many have the guts to quit their jobs at their prime and venture into uncharted waters.

That’s what Joanne Mwangi did. At the young of 26, she left the comforts of the corporate world by giving up her marketing job at Colgate and formed Professional Marketing Services (PMS). This was in 1996, a time when the idea of marketing company was still new to Kenyans.

That my friend is the entrepreneual spirit called “having balls”.

Summary

Joanne Mwangi BIO

“I used my savings to buy basic necessities to start off the business. PMS’s first premises were in a single room. I would drive in every morning, mop the floor, clean the table and dust the furniture. I would work on proposals and drive to industrial area to deliver them myself,” Mwangi told People Daily.

In those days of humble beginnings, Joanne never gave up however much things seemed to fall apart. Having been raised by astute business-savvy parents, she was ready to give the shot her all.

However, the business failed and was forced to seek employment again at the Kenya Tourism Board. She went back to school (USIU) and started her Masters in Strategic Business Management.

Lessons learnt from re-employment

“There, I learnt so much, I got a lot of international exposure and I met the best brains in the world while I represented Kenya externally,” she says. This gave her confidence and faith in her marketing skills and she quit to start a company.

This later enabled PMS to get clients with the government and with manufacturing giants Bidco, Reckit Benkiser, Del Monte, Uchumi,BAT, EABL and Doom.

 

Margaret Kenyatta launches Oxygen Plant “Hewa Tele”

Bizna Team
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Margaret Kenyatta launches Oxygen Plant “Hewa Tele”

“Hewa Tele”is a joint venture by the General Electric (GE) Foundation, the Centre for Population Health and Development, Siaya County and the National Government . The oxygen plant dubbed is the first of its kind in the County.

The First Lady described Public-Private Partnerships (PPPs) initiatives as a new approach to mobilize resources to meet the country’s health needs in a sustainable manner.

“This plant, which offers a lifeline to Siaya residents and beyond, demonstrates what we can achieve with the right partnerships between the government and the private sector,” she said.

The First Lady said Kenyans’ wide array of genuine demands from their county governments are putting serious strains on limited resources, hence the need for strategic partnerships.

She said an increase in the use of Oxygen can reduce under-five mortality by 35% and provide additional life-saving benefits in other healthcare contexts including surgery and obstetrics.

Adding, “This Hewa Tele facility provides adequate supplies of Oxygen, a critical and vital component in health care delivery that is often overlooked as a necessity in hospitals.”

The Plant will also provide affordable Oxygen to public and private facilities in the region that would otherwise refer patients to other hospitals due to lack of Oxygen, she added.

The First Lady said the public private partnership project is a transformative initiative ‘established where the need is most urgent’ and is worthy to be replicated in other counties.

 

Keroche’s Tabitha Karanja named Africa’s top businesswoman

Bizna Reporter
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Keroche’s Tabitha Karanja named Africa’s top businesswoman

Tabitha Karanja, the founder of Keroche Breweries, the first ever brewery to be owned by a Kenyan, has been named Africa’s Business Woman of the Year.

Ms. Karanja was named in the 2014 edition of CNBC Africa All Africa Business Leaders Awards Presented by Johnnie Walker Blue Label (AABLA). The winners of the award were announced at the Sandton Convention Centre, in Johannesburg.

Although Ms. Karanja faced many challenges building her business – including competition from multinationals, high taxation and meddling from high powered government officials – her resilience has seen the business grow into a respected company.

Beyond the expectations of her detractors, Karanja invested in a Ksh.1 billion ($11.6 million) plant with the capacity of producing 6,000 half-litre bottles per hour. With its flagship brands, Summit Lager and Summit Malt, the brewery has proved resilient in the market.

“When Keroche … commenced operations … fingers were pointed at us and the rumours of they-can’t-do-it was written on the faces of many who never believed a Kenyan company could penetrate in a grid-tight multinational market where the end justified the means even if the means isn’t justifiable,” says Karanja.

She plans to increase the firm’s 20% market share to 40% in the next three years following an increase in its production capacity to 15,000 bottles per hour. Karanja also hopes to extend beyond beer into the soft drinks business.

“With the continent hosting eight of the world’s fastest growing economies, Africa is internationally perceived as the next great business frontier, which is both exciting and inspiring,” says Jeff Milliken, Director of brandhouse.

“As such, in the AABLA, it has been both rewarding and heartening to survey Africa’s corporate landscape and discover so many exceptional men and women who are making their indelible contribution toward the progress of the continent into a globally competitive entity with a strong internal business sector.”

The ceremony presented the coveted title of Young Business Leader of the Year jointly to Group CEOs of South Africa’s leading activations agency, The Creative Counsel, Gil Oved and Ran Neu-Ner. The two were recognised for using their collective charisma and entrepreneurial spirit to build the company into the top-ranking marketing, media and advertising group in the country.

For his sustained success and bold contribution to solutions-based business and IT strategies across multiple platforms for companies of varying sizes, Asher Bohbot (South Africa), CEO of Enterprise Outsourcing Holdings (EOH), was named Business Leader of the Year.

The prestigious accolade of Entrepreneur of the Year went to Executive Chairman of JSE-listed brokerage, Brimstone Investment Corporation, Fred Robertson (South Africa). Robertson was honoured for his demonstrated leadership on both the national and international business stages and, in particular, through his directorship and co-founding of numerous leading black economic empowerment (BEE) companies.

The award recognised her unfailing resilience and matchless business sagacity over nearly two decades in growing a company that now employs over 300 people and gives back to the community by educating the country’s youth.

The AABLA Finale partnered with BMW South Africa to ensure the awards finalists and judges were transferred to and from the event in style and comfort. The Finale was also supported by the IDC and the Gauteng Department of Economic Development.

Top 5 Technologically Advanced Countries in Africa

Bizna Team
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Top 5 Technologically Advanced Countries in Africa

The rankings are based on The Global Innovation Index 2014

Africa is fast embracing technology and it’s doing all it can do to come up with the latest innovation that can improve our lives. Below are the top 5 technological advanced countries in Africa.

5. GHANA

ghanaflag2

With a much more stable and growing economy, Ghana is poised to have one of the best environments that support advancement in technology.

Quite a lot of technological innovation has emanated from the West African country of 25 million people. Using compressed gas to generate electricity invented by Mr Freddie Green is one of the out of the box thoughts that became real in the country.

An affordable video conferencing system was also developed by a Ghanaian. The country is being looked upon as the next “great” African country.

4. KENYA

Kenyan_flag

Kenya is definitely among the top 4 African countries to be envied when it comes to technology. The country is seeing a lot of startup companies with revolutionary ideas especially in the IT sector and all things being equal, this is bound to continue with a lot of start-ups that may eventually form International platforms for further technology growth.

Some of the inventions from Kenya include:

  • A charging shoe developed by Antony Mutua
  • An alarm-fitted television created by a 44-year-old man who resides in Nairobi. The alarm can be set off with a simple jostle of movement and can sound for up to eight hours
  •   Acharcoal stove, a solar powered refrigerator which allows medications including vaccinations and valuable perishables to reach remote areas of rural cities where there is no hope of finding electricity
  • Moses Gichanga’ drone which flies for up to two hours at a time

Other similar inventions powered by Kenya’s raw talent include:

Tamperproof voting Machine, Solar-Powered Refrigerator, Underwater pets housing, SMS car immobiliser.

[Original:answerafrica]

3. NIGERIA

nigeria-flag

The most populous country has not been left out in technology and innovative developments across africa. Coming at the third slot, Nigeria is a technology giant with lots of potentials in the industry.

It is home to the likes of Iroko Partners, a successful internet company with over 6 million unique users from 178 different countries, made in Nigeria INYE-1 and INYE-2 tablet computers, Seyi Oyesola’s “hospital in a box” invention etc.

In recent times, the country saw the famous demonstration of a urine powered generator developed by school teenagers; a Moringa plant technology that would enable Nigerians to use Moringa plant for water treatment, a move toward increasing the accessibility to portable water in the country.

There are also a lot of achievements in mobile and web apps development in the country. Though the internet penetration is still low and stands at roughly 38%, Nigeria is a country with a lot of potentials producing the most talented people when given the opportunity.

2. EGYPT

eghpt flag

It was said that civilization started in Egypt. Egypt has for long been associated with inventions and innovations. From the Egyptian Pyramid to the use of calender and written language. The North African Country has not relented in spearheading science and technology in Africa. Egypt has some of the best universities in Africa that support development in technology.

Egypt has gone this far because the government embraces technology with an attitude spread across all Industries. Despite the recent civil unrest in the country, Egypt is still a technological force to rekon with and is one of the most technologically advanced countries in Africa.

1. SOUTH AFRICA

South_African_Flag_Splatter_by_gee5evo

If you are waiting to see the country that occupies the number 1 spot on our list of most technologically advanced countries in Africa, your guess is right. South Africa, a country that cannot easily be compared with most other countries across Africa also tops African countries in the current Global Innovation Index (GII), ranking number 53 out of 143 countries compared globally.

The country supports her human potentials and that is the reason you see a lot of development in the IT field springing up from South Africa. With South African Universities constituting most of thebest universities in Africa the country is bound to keep producing some of the most amazing inventions that are globally recognized.

The list of discoveries that are worth mentioning are quite enormous. Linux Ubuntu developed by Mark Shuttleworth, Multichoice (DSTV) is a south african company with a global influence, PayPal which was co-founded by a South African, CAT scan, SASOL technology that converts coal into oil just to mention a few.

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